The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Jan. 24, 6:33 PM

Slide #3. GoIP Global, Inc. Apex Extractions LLC

Acquirer: GoIP Global, Inc. (GOIG)
Acquiree: Apex Extractions LLC
Details: GoIP Global, Inc. (symbol ) announced today that the Company has entered into a Share Acquisition Agreement with Apex Extractions LLC, an Oakland, California-based Cannabis extraction facility. Apex is a licensed regulated Cannabis extractor in California, selling their products to 175 California wholesalers and licensed dispensaries, under their own Brand Name and white labels for others. Sales for 2019 were $5.6 million and are on course to double revenue in 2020. Pursuant to the agreement, at closing, Isaac H. Sutton, the Company's current CEO, will resign and Scott Benson, Apex's current CEO, will be the Company's new CEO. Apex current Shareholders will receive GoIP Preferred shares. The transaction is anticipated to close within the next 60 days, subject to the conditions precedent to closing being completed.

  GoIP Global, Inc. : GOIG
  Apex Extractions LLC: PRIVATE

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